Militants said to control 75% of Iraq's biggest oil refinery

|By:, SA News Editor

Crude oil prices climb modestly on news that Sunni militants in Iraq have attacked and apparently seized control of most of the country's biggest oil refinery; Brent crude +0.1% to $113.54, WTI +0.3% to $106.66.

"The militants have managed to break in to the refinery. Now they are in control of the production units, administration building and four watch towers. This is 75% of the refinery," according to an official speaking from inside the Baiji refinery in northern Iraq.

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